1. Assuming that you have found some problems after reviewing the workpapers conducted by the auditors and requesting additional work would have the risk of significantly running over the original time budget approved by the audit engagement manager based on the engagement letter. Spending more time on the audit engagement would potentially reduce the profitability of the audit firm, which will displease the audit manager and the engagement partner. Using the professional ethics framework, decide what you would do. Explain your rationale. How can you do what you think is the right thing without undermining your managers confidence in your ability to get a job done?

Describe all 3 approaches with your words (Utilitarian theory, Rights based approach, justice based approach)

Choose one approach that you would like to build your opinion.

Apply the situation based on your chosen approach.